Dropbox has raised the price range for its initial public offering by $2 following strong demand for the first big tech IPO this year.
The cloud storage company now expects the offering to be priced between $18 and $20 per share, up from its previous range of $16 to $18.
The new price range suggests the San Francisco company, co-founded in 2007 by Andrew Houston and Arash Ferdowsi, will hit the public market valued at up to $7.85 billion.
Dropbox raises IPO price range by $2, suggests a public market value of $7.85 billion
